portugal investment property

Portugal is an enticing country, the weather is great, it is still mostly unspoilt, and the people are friendly and welcoming. Approximately 50,000 British nationals now live there permanently, and many more have chosen to buy a second home in the country. Portugal now ranks third amongst British owners of second homes, after France and Spain.

Up to a few years ago only a limited number of lenders, in Portugal, would consider lending to foreigners. Now things are changing. More banks are realising that this market is attractive. If a purchaser is non-resident in Portugal they can borrow up to 80% of the value of the property and maybe a higher percentage if they are resident.

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